GE eyes sale of €2B Nordic finance unit

|By:, SA News Editor

General Electric (GE) is considering selling its GE Money Bank unit in the Nordic region, which could bring in up to €2B ($2.75B), Reuters reports.

The sale of the subsidiary, which is part of GE Capital, would be part of the conglomerate's strategy to change its earnings mix so that it generates 70% from the industrial sector and 30% from the financial sector.